2015年4月21日 星期二

Time Inc. Reveals Compensation for Top Execs

TIME INC.’S PAY: Time Inc. revealed total compensation of its top executives in a Securities and Exchange Commission filing Tuesday. Chairman and chief executive officer Joe Ripp saw his total compensation shrink 35.5 percent to $5.8 million, due mainly to a 68.1 percent reduction in stock and options awards, which totaled $2.4 million. Ripp’s base salary grew 230 percent, to $1 million, and his bonus expanded 22.2 percent to $1.1 million. Ripp’s salary and the salaries of executives Norman Pearlstine and Jeffrey Bairstow appear to be inflated since they joined the company in fall 2013. Case in point: executive vice president and chief content officer Pearlstine earned a salary of $903,458, up from $128,077, but his bonus amounted to $270,000, down from the $1.4 million “make whole bonus” that he received when he joined Time Inc. in 2013. His total compensation was still up 64.3 percent in 2014 to $2.5 million. Executive vice president and chief financial officer Bairstow netted a 37.7 percent rise in total compensation, to $3.4 million, on a salary of $825,000 and a bonus of $590,000. Executive vice presidents Evelyn Webster and Todd Larsen both saw gains in their total compensation. Webster, who at the time split oversight of

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